701, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Safeer Tower 2
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 September 2022.
Key facts
- Type
- Apartment
- Size
- 878 sqft
- Floor
- 7th of 15
- Parking
- B2-73
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 14,800 /yr
- Last sold
- AED 917K · March 2018
- Building
- Safeer Tower 2
About 701, Safeer Tower 2
701 is an apartment of 878 sqft on the 7th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 18 March 2018 for AED 916,608, or AED 1,043 per sqft.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 September 2022, is AED 55,000 a year: a gross yield of 6.0% on the 2018 price, before the service charge of about AED 14,800 a year.
Safeer Tower 2
Building178 apartments, studios to 4-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,553 Up 18.2%
- Typical sale
- AED 750K
- Typical rent
- AED 61K /yr
- Typical yield
- 6.5%
Other units on the 7th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 483 sqft | AED 670KAED 670,000 · Sep 2025September 2025 | 45,000 /yr | ||
| 703 | Studio | 483 sqft | AED 600KAED 600,000 · Feb 2025February 2025 | 32,000 /yr | |
| 704 | Studio | 480 sqft | AED 675KAED 675,000 · Jan 2026January 2026 | 55,000 /yr | |
| 705 | Studio | 480 sqft | AED 791KAED 790,678 · May 2016May 2016 | 48,070 /yr | |
| 706 | Studio | 466 sqft | AED 767KAED 767,095 · May 2016May 2016 | 30,000 /yr | |
| 707 | Studio | 491 sqft | AED 600KAED 600,000 · Feb 2025February 2025 | 32,000 /yr | |
| 708 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 54,000 /yr | |
| 709 | 1-bed | 878 sqft | AED 1.04MAED 1,040,000 · Dec 2017December 2017 | 80,000 /yr | |
| 710 | Studio | 484 sqft | AED 581KAED 580,605 · Oct 2018October 2018 | 49,500 /yr | |
| 711 | Studio | 483 sqft | AED 579KAED 579,313 · Oct 2018October 2018 | 50,715 /yr | |
| 712 | Studio | 480 sqft | AED 576KAED 575,567 · Oct 2018October 2018 | 61,000 /yr | |
| 713 | Studio | 480 sqft | AED 576KAED 575,567 · Oct 2018October 2018 | 51,000 /yr | |
| 714 | Studio | 466 sqft | AED 810KAED 809,711 · Jul 2017July 2017 | 58,000 /yr | |
| 715 | Studio | 491 sqft | AED 590KAED 589,776 · Oct 2018October 2018 | 59,000 /yr | |
| 716 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 45,000 /yr |
701, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 18 March 2018 for AED 916,608, or AED 1,043 per sqft.
- Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 45,000 in 2021 and recovered to AED 55,000 by September 2022.
- At AED 55,000 a year the gross yield on the 2018 price is 6.0%, before a service charge of about AED 14,800 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 1 September 2022.
Questions about 701, Safeer Tower 2
What did unit 701 last sell for?
AED 916,608 on 18 March 2018, sold by the developer: AED 1,043 per sqft for 878 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 55,000 a year on the contract signed on 1 September 2022. The previous contract, from July 2021, was AED 45,000; the unit has been rented since July 2018.
How big is unit 701?
878 sqft (81.6 sqm): an apartment on the 7th floor of a 15-storey tower completed in 2017.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 701, Safeer Tower 2
Starts from the last sale price (AED 917K, 18 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 916,608
- Deposit, UAE resident (20%)
- AED 183,322
- Deposit, non-resident (40%)
- AED 366,643
- Monthly over 25 years at 3.7%
- AED 3,750
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →